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The Brooklyn Nets have granted coach and team investor Jason Kidd permission to talk to the Milwaukee Bucks about taking a position with NBA team.

According to the New York Post, a league source said Kidd recently approached ownership with a series of demands, including the role of overseeing the Nets’ basketball operations department in addition to his head-coaching responsibilities. Kidd didn’t want general manager Billy King to be dismissed, but wanted to be given a title and placed above him in the organizational hierarchy. The Nets, controlled by Mikhail Prokhorov, refused to grant Kidd his wish.

Last September Kidd also became a very small investor in the Nets when he bought rapper Jay-Z's stake in the team and arena operating company. Since then, of course, Steve Ballmer has offered $2 billion for the Los Angeles Clippers, which upped the valuation of NBA teams.

Jason Kidd (Photo credit: Keith Allison)

If Kidd does indeed depart the Nets for position with another NBA team, he would have to sell his stake in the Nets. Even though his ownership represents a small fraction of the team, Kidd would still benefit from the proposed Clippers deal. Moreover, Nets minority owner Bruce Ratner, who also owns 55% of the operating company that runs the Barclays Center, is looking to sell his interest in the basketball team. The investment bank representing the Nets is looking for a $1 billion valuation for the team, according to SportsBusiness Journal.

The Nets are also reportedly looking to cut payroll in order to make the team profitable. That, in turn, would make the sale price higher because incoming owners would not need to inject money into the team to cover losses. Perhaps Kidd figured given the team's economics, and the boost in NBA team valuations from Ballmer's $2 billion bid for the Clippers, this would be a great time to move on?